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Daily Scoop 11-16

Daily Scoop 11-16

👋 Your Tuesday Scoops - Tyson meat profits & Roblox's education metaverse

November 16, 2021

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Today's Scoop:Buying

Big Picture

Consumers aren't letting high prices slow spending.
Rents are rising.
President Biden just approved a lot more government spending.

The Market

⬆️

+0.4%

S&P 500: 4,700.90

1Mo:

+5%

| 1Yr:

+30%

| 5Yr:

+115%

Markets turned positive today on economic optimism. Consumer spending seems to be resilient against higher prices. Despite inflation at 6.2%, the Census Bureau reported that consumer retail spending is up 16%. President Biden authorized spending $1.2T on fixing our national infrastructure, things like roads, bridges, railroads, ports, water, and broadband. Rent for single-family homes rose 10% across the country in September, with the biggest increases in Miami.

Company Scoops ❤🌎💰

(Click to dig in & vote your reaction, see how others feel)

Tyson's

banking on soaring meat prices

Roblox's

building the education metaverse

Walmart's

taking back groceries

Amazon's

eyeing the healthcare industry

Oatly's

uncertain future for oat milk

(These links only work for 24 hours while the story is live)

🤓 Inside Scoop...

Inflation is the reason we can't buy a coke for 25 cents anymore. It's a measure of the rate of decline in purchasing power of our dollars. Rising prices are not inherently bad. It's a natural part of a healthy, growing economy. If prices were to move the other way, and our dollars bought more stuff the longer we waited, we would have a greater incentive to hold our dollars instead of spending them. That would send the economy into major trouble. Right now, investors are worried about inflation getting too high and prices rising too quickly. We want the economy warm, but not hot.